Following the recent delivery of an updated Mineral Resource Estimate (“MRE”) for the Canbelego Copper Deposit (to 1.83 Mt @ 1.74% Cu), and improved ground access following the end of unseasonable weather, Helix Resources (“Helix” or “the Company”) is now concentrating activities on defining and testing additional priority targets over its ~2,879 km2 highly prospective exploration tenement package in the Central West of New South Wales.
The tenements cover units of the Cobar Basin and Girilambone Group, which are highly prospective for, respectively, Cobar-style structurally controlled and Besshi-style volcanic associated massive sulphide (“VAMS”) mineralisation, with copper being the main target metal. The region is host to several major deposits of the target styles, including the CSA mine, and Aeris Resources (ASX: AIS, “Aeris”) Tritton operations amongst others.